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20121207
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FOX News
Nov 30, 2012 3:00am PST
's happened over the last couple of weeks. going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> the white house says they are willing to do tough things to compromise, so now it's time for republicans in washington to ask the wealthiest americans to pay higher tax rates. >> asking for a political price be paid in order for congress to do its job to insure that the united states of america pays its bills and does not default for the first time in its history is deeply irresponsible. it was deeply irresponsible in the summer of 2011 and it would be deeply irresponsible if we were to see that kind of approach taken again. >> today the president is going to take his case to the people of pennsylvania during a visit to hatfield and a road on group. it's the sole manufacturer of knex, which makes angry birds building sets. back to you. >> steve: all right. thank you very much. >> brian: it's unbelievable. the "washington post" says th
CNN
Nov 30, 2012 6:00am PST
the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> speaker boehner made very clear at his press conference that he thinks the ball is in your court and the president's court. he says democrats have got to get series about spending cuts. where is the disconnect? >> i don't understand his brain so you should ask him. okay? >> reid making those comments to our own kate bolduan. i'm joined by dan lothian. dan, we're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion in stimulus spending. democrats see this really as sort of the opening s
Current
Nov 29, 2012 3:00am PST
is terrible for the market. well, the easiest way to end the uncertainty about the fiscal cliff and tax rates and their potential impact of the vast majority of americans as they go into this vital holiday shopping season that's pretty central to our economy is for us to pass that and say okay, that part of this is over. the $2,000 on average tax hike that most working families are facing, if we go over the cliff done, taken care of. now, let's work through the balance of increased revenue on the high income earners and spending cuts that we need to get done to achieve a roughly $4 trillion savings. >> bill: and closing loopholes and other issues. >> that's a difficult process. there's lots of detail to it. in my view, there's two bad outcomes here that are quite possible. first is we do nothing. which is -- something we seem to have shown some real capability of. but if we go over the if is cal cliff, which is really more of a slope than a cliff. it is not like y2k where january 1, everybody has a dramatic cuts in services an
FOX News
Nov 29, 2012 3:00am PST
disasters. we don't need to navigate the fiscal cliff. that will hurt the economy. when the economy is bad, less people travel commercially for leisure, less people send packages. it hurts us and again, razor thin profit margin, we need a good economy, we need the economy good overt long haul. it's good for business. >> gretchen: do you think they were actually listening to what you had to say? >> i think they were. >> gretchen: really? >> yeah. i think it was a good discussion because the business radio he said were talking about what the impact of going overt cliff would be and also with a it would be down the line. >> gretchen: but so much, nick, of what's been discussed in the press is only about increasing taxes. you just got done talking about the fact that a stool falls over unless you have the other legs there. did you get the sense in these insider talks that people are actually going to take on entitlement reform? >> i think behind the scenes talk, yes. right now there is a lot of public posturing going on and that, i think, i personally think that's a problem because in the nego
CSPAN
Dec 6, 2012 12:00pm EST
ends might. she wrote concerned about tax increases and this fiscal cliff. she said, "the middle class is the heart and soul of this country. what keeps it going and growing? what else can we be hit with? i know i cannot take anything more on financially." so my first call today, madam president, is let's give deborah and families like hers in delaware and around the country the serntle before we end this -- the certainty before we end this calendar year of knowing their taxes will not go up in 26 days when the calendar turns to 201. one way to do that is for the moushouse to take up the legisln that this body has already considered in a bipartisan way that would extend the tax cuts for 98% of families and 97% of small businesses while also achieving nearly d is trillion of debt and deficit reduction. this bill extends tax cuts that would otherwise expire for all americans who earn income and for all small businesses, but just on the first $250,000. tax ratetax rates on income abot would revert to tax rates during the clinton administration. this one step would blunt the impact of the
Search Results 0 to 4 of about 5